Welcome to our dedicated page for Helix Energy Solutions Group news (Ticker: HLX), a resource for investors and traders seeking the latest updates and insights on Helix Energy Solutions Group stock.
Helix Energy Solutions Group, Inc. reports developments as an international offshore energy services company focused on well intervention, robotics and decommissioning operations. Its service base includes deepwater work in the Gulf of Mexico, Brazil, the North Sea, Asia Pacific and West Africa, along with shallow water abandonment and production facilities activities.
Recurring news for HLX centers on quarterly and annual operating results, segment performance, vessel-supported well intervention activity, robotics services, decommissioning demand and capital or governance updates. Company announcements also cover earnings calls, conference presentations and material agreements tied to subsea well intervention systems and offshore service capacity.
Helix Energy Solutions Group (NYSE: HLX) and Hornbeck Offshore Services have completed their previously announced all-stock combination, forming a premier integrated offshore services company. The combined company has assumed the Hornbeck Offshore Services name and will begin trading on the New York Stock Exchange under ticker “HOS” on September 2, 2026. Helix common stock will cease trading on the NYSE under “HLX” at the close on September 1, 2026.
Todd M. Hornbeck becomes President, CEO and Director, with William L. Transier as Chairman. The company has installed a broad executive leadership team overseeing finance, subsea services, marine transportation, legal, accounting, human resources, commercial, defense/emerging technologies and compliance, positioning the merged business to provide integrated offshore solutions across deepwater oilfield, defense and renewables markets.
Helix Energy Solutions Group (NYSE: HLX) announced that its shareholders have approved all proposals required to complete its previously disclosed all-stock combination with Hornbeck Offshore Services at a special meeting held August 31, 2026. The companies expect to close the transaction on September 1, 2026, subject to remaining conditions.
Upon completion, Hornbeck securityholders are expected to own approximately 55% and Helix shareholders approximately 45% of the combined company on a fully diluted basis. The combined company will be named Hornbeck Offshore Services and trade on the NYSE under ticker symbol HOS. Final voting results will be filed on Form 8-K with the SEC.
Helix Energy Solutions (NYSE: HLX) reported second quarter 2026 revenues of $304.0 million, up from $251.7 million a year ago. Net income was $22.7 million, or $0.15 per diluted share, versus a net loss of $2.6 million in Q2 2025 and $13.4 million in Q1 2026. Adjusted EBITDA was $69.9 million, including $74.7 million from continuing operations, compared to $42.4 million a year ago and $32.3 million in Q1.
Helix completed the sale of Helix Alliance on May 1, 2026, generating about $104.2 million in net proceeds and reporting a $12.7 million after‑tax gain in discontinued operations. At June 30, 2026, cash was $652.2 million with liquidity of $716.5 million and negative Net Debt of $347.9 million. Thunder Hawk production restart drove a swing to operating income in Production Facilities, while Well Intervention and Robotics benefited from higher utilization versus Q1. Helix is progressing its merger with Hornbeck, targeting completion around September 1, 2026, and has withdrawn annual guidance and cancelled its usual earnings call due to the pending transaction.
Helix Energy Solutions (NYSE: HLX) sold its Gulf of America shallow water abandonment business to C-Dive, LLC (Chouest group) for $107.5 million cash at closing, subject to working capital and transaction expense adjustments. The sale closed May 1, 2026 and supports Helix’s strategic focus on deepwater operations and a proposed merger with Hornbeck Offshore Services to broaden subsea and marine capabilities.
Helix (NYSE:HLX) and Hornbeck Offshore Services have agreed to combine in an all‑stock transaction to form a premier integrated offshore services company trading as HOS on the NYSE.
Hornbeck shareholders will own ~55% and Helix shareholders ~45% of the combined company; expected close is in the second half of 2026. Transaction targets $75 million+ annual revenue and cost synergies within three years and will be led by Todd M. Hornbeck as CEO.
Helix (NYSE: HLX) reported a net loss of $13.4 million ($(0.09) per diluted share) for Q1 2026 on revenues of $287.9 million. Adjusted EBITDA was $32.3 million and Free Cash Flow was $59.0 million. Cash and cash equivalents totaled $501.3 million, producing negative Net Debt of $197.5 million. Segment trends included higher Well Intervention revenue, weaker Robotics and a sharp decline in Shallow Water Abandonment activity; Production Facilities recorded a $7.9 million operating loss driven by Thunder Hawk workover costs. Management expects offshore market momentum later in 2026.
Helix Energy Solutions Group (NYSE: HLX) will report Q1 2026 results on Wednesday, April 22, 2026 after market close, with a review by management on Thursday, April 23, 2026 at 9:00 a.m. Central Time via teleconference and webcast.
Investors can access slides and the live listen-only webcast on Helix's Investor Relations website; dial-in details and replay availability were provided.
Helix (NYSE: HLX) reported Q4 2025 net income of $8.3M ($0.06 diluted) versus $20.1M a year earlier and Adjusted EBITDA of $73.9M. Full‑year 2025 net income was $30.8M and Adjusted EBITDA was $272.0M. Cash totaled $445.2M and free cash flow for 2025 was $120.4M. Q4 included a $18.1M non‑cash impairment on Thunder Hawk; the field is expected to resume production in early April after a February recompletion. Segment moves: Well Intervention revenues fell year‑over‑year, while Shallow Water Abandonment grew materially.
Helix Energy Solutions Group (NYSE: HLX) will participate in multiple investor events in late February and March 2026, including Daniel Energy Partners THRIVE (Feb 25), Raymond James Institutional Investor Conference (Mar 3), Piper Sandler Energy Conference (Mar 17-18) and NYSE Energy & Utilities Virtual Investor Access Day (Mar 19).
According to the company, any investor presentation given at these events will be posted publicly on Helix’s investor website for access.
Helix Energy Solutions Group (NYSE: HLX) will release its fourth quarter and full year 2025 results on Monday, February 23, 2026 after market close and host a review call on Tuesday, February 24, 2026 at 9:00 a.m. CT.
Investors can join via teleconference (1-800-715-9871 U.S.; 1-646-307-1963 international) using passcode Staffeldt, or listen via a live webcast and later replay on Helix’s Investor Relations website. Slide presentation will be posted online.
Helix is an international offshore energy services company focused on well intervention, robotics and decommissioning.